s/cryptohayesCRYPTO REGULATION•2h
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EU regulators question whether Binance can keep serving Europe
EU regulators are reviewing whether Binance can keep serving European customers after failing to secure a MiCA license and facing an order to wind down. The review puts Binance’s entire European service model on the line, not just its licensing status.
Binance is relying on MiCA’s reverse-solicitation exemption, which covers services requested independently by customers rather than broadly marketed by a non-EU firm. ESMA and regulators in France, Germany, and Greece are reviewing whether Binance qualifies; Binance says it complies with local requirements and is working toward authorization.
Binance is relying on MiCA’s reverse-solicitation exemption, which covers services requested independently by customers rather than broadly marketed by a non-EU firm. ESMA and regulators in France, Germany, and Greece are reviewing whether Binance qualifies; Binance says it complies with local requirements and is working toward authorization.
Timeline2
4h
Reports said EU regulators were scrutinizing Binance’s use of the MiCA reverse-solicitation exemption.
3h
Further reporting identified ESMA and regulators in France, Germany, and Greece as reviewing Binance’s eligibility.
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2h